Definity Financial Co. (TSE:DFY) Receives Consensus Rating of “Hold” from Analysts

Definity Financial Co. (TSE:DFY) has been given a consensus rating of “Hold” by the eleven analysts that are currently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$54.70.

Several analysts recently weighed in on the stock. Cibc World Mkts downgraded shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. CIBC downgraded Definity Financial from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from C$47.00 to C$51.00 in a report on Tuesday, August 6th. TD Securities raised their target price on Definity Financial from C$58.00 to C$59.00 and gave the company a “hold” rating in a report on Friday, November 8th. Raymond James lowered shares of Definity Financial from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from C$53.00 to C$55.00 in a research note on Tuesday, November 12th. Finally, BMO Capital Markets raised their price objective on shares of Definity Financial from C$53.00 to C$57.00 in a research note on Monday, November 11th.

Definity Financial Trading Up 0.9 %

Shares of DFY opened at C$59.97 on Friday. Definity Financial has a 12-month low of C$35.48 and a 12-month high of C$60.07. The firm has a market capitalization of C$6.89 billion, a P/E ratio of 18.12, a P/E/G ratio of 2.63 and a beta of 0.04. The firm has a 50-day moving average price of C$54.47 and a 200 day moving average price of C$49.13. The company has a current ratio of 7.68, a quick ratio of 0.31 and a debt-to-equity ratio of 6.38.

Definity Financial (TSE:DFY) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.13 EPS for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.17. The firm had revenue of C$1.10 billion for the quarter, compared to analysts’ expectations of C$1.10 billion. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. Sell-side analysts forecast that Definity Financial will post 3.1263962 EPS for the current year.

Definity Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.16 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.07%. Definity Financial’s dividend payout ratio is presently 19.34%.

Definity Financial Company Profile

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name.